ICI: ETF Assets Fall To $117.06 Billion in
July

Declines were noted in the total domestic equity, which
fell to $104.89 billion in July from $109.59 billion in
June (See
ICI: ETF Assets Expand To $121.57 Billion
In June
).
Results were mixed among the Index’s components, as
broad-based domestic ETFs dropped to $90.28 billion and
sector/industry ETFs were up slightly to $14.61 billion,
according to data supplied by the Investment Company
Institute (ICI).

Likewise the results were mixed among the other
indices.
The Global/International Equity Index saw a net
outflow of assets, ending July at $7.89 billion from $8.12
billion in June.
Conversely, the Bond ETF index recorded a net asset inflow,
closing July at $4.28 billion from $3.87 billion in the
previous month.

Additionally, the value of ETF shares redeemed in
July exceeded that of shares issued by $7 billion.
The total number of ETFs remained steady at
114.

Shares of exchange traded fund trade intraday on
stock exchanges at market determined prices. Investors
may buy or sell ETF shares through a broker just as they
would the shares of any publicly traded company
(See
Exchange-Traded Funds
).